Core Viewpoint - Gold prices have experienced a significant decline after a prolonged rally, with a notable selloff attributed to profit-taking by investors rather than macroeconomic or geopolitical factors [2][3]. Price Movement - Gold futures fell by $61.30, or 1.49%, to $4,053.10 per ounce, marking a two-day selloff after reaching an intraday record of $4,398 per ounce [1][2]. - The precious metal lost 5.74% on Tuesday, closing at $4,109.10, representing its worst performance since 2013 [2]. Market Analysis - Analysts from UBS indicated that the recent decline in gold prices is largely technical, driven by slowing price momentum and rising option volatility, leading speculative investors to take profits [3]. - Despite the recent pullback, gold prices remain up over 50% year-to-date and nearly 5% for the month, with underlying fundamentals such as inflation and political instability expected to persist [3][4]. Future Outlook - UBS analysts believe it is premature to adopt a negative outlook on gold, suggesting that the factors driving its price increases are likely to continue [4].

Core Points - Q-Gold Resources Ltd. has successfully closed the acquisition of the Quartz Mountain gold exploration project in Oregon, marking a significant step towards becoming a North American gold producer [1][4] - The acquisition includes an option to acquire a 100% interest in the Quartz Mountain property and a 50% joint venture interest in the Angel's Camp property, covering approximately 4,823 acres [2][5] - The company has completed around 100,000 meters of drilling on the Quartz Mountain Project to date [2] Acquisition Details - Q-Gold paid US$2,850,000 in cash and issued 13,924,702 common shares to Alamos Gold Inc. as part of the acquisition [6] - Additional payments to Alamos include US$3,150,000, US$2,500,000, and US$2,500,000 due on the first, second, and third anniversaries of the closing date, respectively [7] - A total of US$5,000,000 will be paid upon completion of a feasibility study or the decision to commence construction on the Quartz Mountain Project [7][8] Financial Structure - The total number of common shares issued for the acquisition and milestone payments is capped at 138,326,406 [9] - The company intends to use proceeds from a recent offering to fund exploration and engineering studies at the Quartz Mountain Project, among other purposes [15] Company Overview - Q-Gold Resources Ltd. is focused on advancing gold projects in North America, particularly in safe and stable mining jurisdictions [17]

Group 1 - Gold miner ETFs experienced a significant decline, with prices dropping more than 6%, marking the largest daily decrease since April 2013 [1] - Gold reached a record high of $4,382 per ounce on Monday before the sharp decline [1] - SPDR Gold Shares (GLD) fell over 6% in market activity, alongside declines in VanEck Gold Miners (GDX) and VanEck Junior Gold Miners ETF (GDXJ) [1]

VANCOUVER, British Columbia, Oct. 22, 2025 (GLOBE NEWSWIRE) -- Prime Mining Corp. (“Prime” or the “Company”) (TSX: PRYM) (OTCQX: PRMNF) (Frankfurt: O4V3) is pleased to announce the completion of the previously announced plan of arrangement (the "Arrangement") involving the Company and Torex Gold Resources Inc. ("Torex"), pursuant to which Torex acquired all of the issued and outstanding shares of the Company (the "Prime Shares"). Pursuant to the Arrangement, shareholders of Prime (“Shareholders”) were entit ...

Core Points - Sonoro Gold Corp. has successfully closed an oversubscribed private placement of 20,500,000 units at CAD $0.20 per unit, raising gross proceeds of CAD $4,100,000 [1][2] - Each unit consists of one common share and one common share purchase warrant, with warrants exercisable at CAD $0.28 for three years [1] - Insiders subscribed for 2,007,297 units, raising gross proceeds of CAD $401,459.40, qualifying as a related party transaction [3] Use of Proceeds - The net proceeds will primarily fund the ongoing development of the Cerro Caliche gold project in Sonora, Mexico, including an updated Preliminary Economic Assessment and final payment under the Rosario option agreement [4] - Funds will also be allocated for the Change of Land Use payment, necessary for mining operations in Mexico [4] - Additionally, the company plans to allocate funds for the proposed spin-off of the San Marcial gold-silver project into its wholly owned subsidiary, Oronos Gold Corp. [5] Company Overview - Sonoro Gold Corp. is a publicly listed exploration and development company focused on the Cerro Caliche project and the San Marcial project in Sonora State, Mexico [6] - The company has a highly experienced operational and management team with a proven track record in discovering and developing natural resource deposits [6]

Group 1: Stock Highlights - Solitario Resources Corp. (XPL) has seen a 33.3% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - CTO Realty Growth, Inc. (CTO) has experienced a 4.4% increase in the Zacks Consensus Estimate for its next year earnings over the last 60 days [1] - Maximus, Inc. (MMS) has had a 6.6% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Gold Fields Limited (GFI) has seen a 7.7% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Universal Insurance Holdings, Inc. (UVE) has experienced a significant 63.8% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [3]

Core Insights - Onyx Gold Corp. has reported additional drill results from its ongoing 25,000 metre drill program at the Munro-Croesus Project, indicating significant expansion of gold mineralization at the Argus North Zone [2][4][5] Group 1: Drill Results - Recent drilling at Argus North has shown wide and consistent gold mineralization, with notable results including 99.5 meters grading 1.5 grams per tonne (g/t) Au, and 71.0 meters grading 1.3 g/t Au [6][14] - The number of intersections exceeding 100-gram x meters has increased to seven, demonstrating excellent continuity of mineralization [6][15] - The Argus North Zone remains open along strike, down-dip, and down-plunge, indicating further potential for expansion [15] Group 2: Geological Context - Gold mineralization at Argus North is characterized by broad zones of +1 g/t Au mineralization, with high-grade intercepts such as 17.0 meters grading 5.3 g/t Au and 18.7 meters grading 5.2 g/t Au [8][9] - The geological setting includes strong albitization and silicification, with mineralization closely associated with pyritic stringers and localized porphyritic intrusions [9][10] Group 3: Project Overview - The Munro-Croesus Project is located in the Abitibi greenstone belt, a premier gold mining jurisdiction in Canada, covering 109 km² of highly prospective geology [23][24] - The project includes the past-producing Croesus Gold Mine, known for high-grade gold production, and has seen extensive land consolidation to enhance exploration potential [23][25] Group 4: Future Plans - Onyx Gold has completed 70 drill holes, representing approximately 88% of its drill program, and is evaluating results to finalize plans for a potential program expansion [6][15] - Details regarding the potential expansion of the drilling program are expected to be announced in the coming weeks [6][15]

Toronto, Ontario--(Newsfile Corp. - October 22, 2025) - STLLR Gold Inc. (TSX: STLR) (OTCQX: STLRF) (FSE: O9D) ("STLLR" or the "Company") is pleased to announce that comprehensive environmental baseline studies have commenced for the Tower Gold Project. Field-based components of these studies began in the fall of 2025 and will continue for a minimum of two years.The program is intended to build upon existing data and provide the foundation for the federal Impact Assessment of the Tower Gold Project. These s ...

MONTREAL, Oct. 22, 2025 (GLOBE NEWSWIRE) -- Troilus Gold Corp. (TSX: TLG; OTCQX: CHXMF; FSE: CM5R) (“Troilus” or the “Company”) announces that it has changed its auditor from McGovern Hurley LLP (“Former Auditor”) to Deloitte LLP (“Successor Auditor” or “Deloitte LLP”) effective October 21, 2025. The appointment of Deloitte LLP was approved by the Board of Directors. There were no reservations in the Former Auditor's audit reports for any financial period during which the Former Auditor was the Company's au ...

Pasofino Gold Announces Closing of Non-Brokered Private Placement for Gross Proceeds of C$12.0 MillionOctober 22, 2025 7:00 AM EDT | Source: Pasofino Gold LimitedToronto, Ontario--(Newsfile Corp. - October 22, 2025) - Pasofino Gold Limited (TSXV: VEIN) (FSE: N07A) ("Pasofino" or the "Company") is pleased to announce that it has closed its non-brokered private placement (announced on September 23, 2025) of units (each, a "Unit") at a price of C$0.50 per Unit, for gross proceeds of C$12.0 millio ...